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Should I Use a Discover Secured Card to Build My Credit After Bankruptcy?

Question:

Dear Steve,

I’m 2 years out from Chapter 7 discharge and I have $170,000 in student loan debt (I’m under IBR). I got a new job and I’m now making 3 times my income in rent. My current credit score is just under 700.

I’ve been getting offers for Discover It card offers. I’ve been thinking about getting a secured credit card to boost my credit score. Would you go for the offers I’ve been getting by mail or go for a secured card through Discover?

Heather,

Answer:

Dear Heather,

I think this post will answer your question, click here.

Sincerely,


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

Do you have a question you'd like to ask me for free? Go ahead and click here.

Damon Day - Pro Debt Coach

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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